share in premium segment smartphones plunged significantly in the first quarter of 2018 by a massive 55 percent. But there were some disconcerting facts which they chose to ignore.

Apple's Services and "Other Products" businesses saw the most impressive growth during Q2, with sales of $9.1bn (up 31 per cent) and $3.95bn (up 38 per cent). Profit came in at $2.73 a share. Analysts are saying that the focus on buybacks might further increase the cost of shares, but some investors would love to see Apple use its cash differently.

Apple sold 52.2 million iPhones in the second quarter of 2018, which was down 32 per cent from the first quarter of this year when it had sold 77.3 million iPhones but up only three per cent from the second quarter of 2017 when it had sold 50.7 million units. Its phone business brought in $38 billion in revenue, which was up 14% from the year before. That suggested the flagship iPhone X didn't perform as well as some anticipated when it launched a year ago.

Average selling prices for iPhones rose to $728 from $655 a year ago - apparently helped by demand for the iPhone X - though this missed expectations of $742.

Apple does not break down sales by iPhone model but chief executive, Tim Cook, was delighted by the overall figures and forecast a mid-point revenue range of $52.5bn for the third quarter - above estimates.

"We're thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables", Tim Cook said in a press release.

The earnings announced after the closing bell also put to rest questions surrounding the demand for Apple products, primarily the iPhone, in China. This is the same arogance which we think will eventually sink the company.

Lion Attacks, Drags Wildlife Park Owner By Neck Inside FacilityMay 02, 2018 - 01:44
The big cat's victim calls out for help in front of screaming bystanders before a number of gunshots can be heard to ring out. A few years later they relocated to the town in the Limpopo province and founded the Marakele Predator Park .

Cardinal Pell to stand trial on sex offencesMay 01, 2018 - 12:45
Unable to talk about evidence before the court, Milligan told nine.com.au that a long, hard road lies ahead for accusers of Pell. The trial is the first time such a senior figure in the Holy See has faced criminal charges.

JEE Main 2018 Result/All India Rank announced by CBSEMay 01, 2018 - 12:40
Another topper, R.Raghu Raman, also scored 335 out of 360 marks, but due to low marks in the Maths section he got the 27th rank. AIR 2, Hemant Kumar Chodipilli told ANI that he is hoping to repeat his performance in the JEE Advanced exam as well.

Josh Allen NFL Draft Weekend Wrap UpMay 01, 2018 - 12:40
Teller will have the chance to earn the starting right guard job in his rookie season... But they didn't rule it out, either.